Sunday, June 16, 2013

Nifty next week : Technical View for 17/06/2013 to 21/06/2013

 Vinoth K M




Nifty came down fast from Monday to Thursday, Finally it closed up 109 points on Friday.,  It is down by 79 points on weekly basis. So nifty unpredictable for next one or two days. Trading in this volatile market is so difficult, so traders must approach the market very cautiously. We can expect rise in market only if two closings are positive (May be up to 30 points) . So wait for the two positive closing. We can expect positive expiry, only if rise on coming Thursday and Friday. Stock specific trading is the best strategy on this volatile market. 


Positional Support for NIFTY 5755 5705 5675 and positional Resistance for NIFTY is 5835 5868 5875 5883 5897 5920 5945 5990 6005 .

Intraday Resistance of NIFTY are 5874 : 5930 : 5922 : 5940


Intraday Support of NIFTY are 5743 : 5686 : 5695 : 5680


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